(Bloomberg) -- Brazil's currency gained for a second
day on bets the country's trade surplus will continue surprising
analysts on the upside as exports rise.
``The trade data released yesterday was reassuring because
even with the appreciation of the real, exports are very
strong,'' said Reginaldo Galhardo, currency director of Treviso
Corretora, a Sao Paulo brokerage. He predicts the real will
trade at about 1.90 per dollar by the end of the year amid
increasing inflows from purchases of local financial assets by
foreign investors.
Read more at Bloomberg Currencies News
day on bets the country's trade surplus will continue surprising
analysts on the upside as exports rise.
``The trade data released yesterday was reassuring because
even with the appreciation of the real, exports are very
strong,'' said Reginaldo Galhardo, currency director of Treviso
Corretora, a Sao Paulo brokerage. He predicts the real will
trade at about 1.90 per dollar by the end of the year amid
increasing inflows from purchases of local financial assets by
foreign investors.
Read more at Bloomberg Currencies News
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